There is little evidence on how the large market for credit score improvement products affects consumers or credit … market efficiency. A randomized encouragement design on a standard credit builder loan (CBL) identifies null average effects … on whether consumers have a credit score and the score itself, with important heterogeneity: those with loans outstanding …

discounted more heavily by lenders, compared to firms which have credit histories (but are otherwise identical), and that this … reputation effect in debt prices is confirmed: the debt of new banks is discounted more heavily than banks with credit histories …

-09, divided into three groups: interest rate policy, quantitative policy, and credit policy. To interpret interest rate policy, it … credit policy, the paper presents a new model of capital market imperfections with different financial institutions and a … role for securitization, leveraging, and mark-to-market accounting. The model suggests that providing credit to traders in …

, exploiting the sluggish adjustment of credit ratings in downgrading after M&A and adversely affecting competitors' employment and …

since the mid-1930s when banks invented the term loan. Concurrently, bank innovation first involved the invention of credit …

carbon footprints tend to have lower credit ratings and higher yield spreads, particularly when their facilities are located …, we provide evidence that climate regulatory risks causally affect bond credit ratings and yield spreads. Accordingly, the …